horizontal drilling
Oxy and QP to call for tender ISND expansion contracts The US international oil company (IOC) Occidental Petroleum Corporation (Oxy) and the national oil company (NOC) Qatar Petroleum (QP) have approved the Field Development Plan (FDP) for the Idd el-Shargi North Dome expansion (ISND Phase-5) offshore the Qatar peninsula. Since 1994, Oxy is cooperating with QP to […]
Schlumberger and Baker Hugues to lead exploration When Repsol-YPF discovered in 2011 the potential reserves of the Vaca Muerta in tight oil and Los Toldos and Totoral permits, it sent the signal to all the 50 companies having licenses in Argentina to drill more and to take their chance at the benefits of Schlumberger and Baker […]
CNPC to boost China shale gas through joint ventures China National Petroleum Corp. (CNPC or PetroChina) is to become the spearhead of China‘s new policy to boost its own shale gas exploration and production in multiplying joint ventures and strategic agreements such as with Shell, Gazprom or Sichuan Province. China holds about triple shale gas resources of […]
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or even shale oil. Comments But […]
Definition Oil sands are bitumen deposits which naturally occurred from the mixture of thick, heavy oil, water and sand. Since the heavy oil is classified as bitumen, Oil sands are scientifically named as Bituminous sands. Oil sands may also be called Tar sands where Tar refers to the residue produced from organic material distillation such as bitumen. […]
Definition Tight gas is the name given to the unconventional natural gas because it is trapped in a very tight underground hard rock, or sandstone or limestone formation that is unusually impermeable and non-porous called tight sand. Comments In a conventional natural gas deposit, once drilled, the gas can usually be extracted quite readily, and easily. A […]
